Ryco Advisors, LLC (“Ryco Advisors”) is pleased to announce the sale of Air Automation Engineering, Inc. (“AAE”) to Motion & Control Enterprises (“MCE”). Ryco Advisors acted as the exclusive sell-side advisor to AAE.
AAE was founded in 1978 and was co-owned by Brian Steele and Paul Wood. Headquartered in Fridley, Minnesota with an additional location in Fargo, North Dakota, AAE is an industrial distributor of automation components and precision assembly tooling solutions to end-users and OEMs. In addition, they offer value added engineering services including, but not limited to: PLC and DC tool programming, repair and calibration of precision assembly tools and fabricate accessory lines for the solutions they sell.
Paul Wood, co-owner of AAE stated, “Thank you to the Ryco team for the exceptional service provided during our recent acquisition! Your expertise and dedication were instrumental in navigating a complex and high-stakes transaction. You effectively managed negotiations, addressed potential challenges proactively, and ensured that our interests were well-represented throughout the process. I highly recommend the Ryco team to anyone seeking a knowledgeable and dedicated advisor for their M&A needs.”
Brian Steele, co-owner of AAE stated, “Rob and the Ryco Team went above and beyond our expectations during the sales process. They were very professional and always had our employees and our best interests in mind at all times. I would highly recommend the Ryco team to anyone interested in selling their business.”
MCE is a supplier of technical fluid power, automation, flow control, rotating equipment products, filtration, service, and repair solutions. MCE is owned by the private equity firm Frontenac.
Ryco Advisors is an Atlanta-based independent M&A firm focused on the sale of lower-middle-market founder-owned companies with valuations between $10 million and $100 million. If you are interested in learning more about our sell-side process or what the current M&A market looks like, please reach out to us. www.rycoadvisors.com